The document outlines the opportunities for Islamic economics and finance to support the transition to a circular economy paradigm. It begins by describing the linear "take-make-waste" economy and how it is unsustainable. It then discusses the circular economy paradigm of keeping resources in use for longer, eliminating waste through design and renewable energy. The document proposes several opportunities for Islamic finance to support the circular economy transition, including through social entrepreneurship that blends profit and non-profit motives, multidisciplinary research, transformative education, developing circular economy strategies, and best practice studies.
Science has learnt from natural laws tremendously; nature doesn't waste but economics is build around a paradigm of extract, produce, use and waste. A zero-waste circular economy paradigm will be consistent with natural laws and offers hopes for a sustainable world. We discuss the various aspects of this optimistic prospect.
Introduction
UNEP’s report, Towards a Green Economy, aims to debunk several myths and misconceptions about greening the global economy, and provides timely and practical guidance to policy makers on what reforms they need to unlock the productive and employment potential of a green economy
http://www.unep.org/greeneconomy/Portals/88/documents/ger/1.0_Introduction.pdf
Presentation delivered by Dr. Roger McLeod, Economist, CDB at the seminar titled, 'Financing the Blue Economy: A Caribbean Development Opportunity' on May 31, 2018 held during CDB's 48th Annual Meeting of the Board of Governors in Grenada.
Presentation delivered by Simon Littlewood, President, SDG Global Group & CEO, Li Family Office at the marcus evans Private Wealth Managements APAC Summit 2019 in Macao
This is a group work carried out in the field of economics of sustainability. It looked at hidden cost and externalities. Also tried to appraise the emergence of carbon economics and carbon tax systems.
Science has learnt from natural laws tremendously; nature doesn't waste but economics is build around a paradigm of extract, produce, use and waste. A zero-waste circular economy paradigm will be consistent with natural laws and offers hopes for a sustainable world. We discuss the various aspects of this optimistic prospect.
Introduction
UNEP’s report, Towards a Green Economy, aims to debunk several myths and misconceptions about greening the global economy, and provides timely and practical guidance to policy makers on what reforms they need to unlock the productive and employment potential of a green economy
http://www.unep.org/greeneconomy/Portals/88/documents/ger/1.0_Introduction.pdf
Presentation delivered by Dr. Roger McLeod, Economist, CDB at the seminar titled, 'Financing the Blue Economy: A Caribbean Development Opportunity' on May 31, 2018 held during CDB's 48th Annual Meeting of the Board of Governors in Grenada.
Presentation delivered by Simon Littlewood, President, SDG Global Group & CEO, Li Family Office at the marcus evans Private Wealth Managements APAC Summit 2019 in Macao
This is a group work carried out in the field of economics of sustainability. It looked at hidden cost and externalities. Also tried to appraise the emergence of carbon economics and carbon tax systems.
Climate change in Uganda: Insights for long-term adaptation and building comm...Dr. Joshua Zake
This briefing paper highlights key challenges and issues for
consideration in policy development and planning processes at
community, local, national and regional levels towards creating
awareness and building resilience to climate change impacts in
Uganda. It’s an output from a review of various documents and
literature on climate change impacts and responses in Uganda
and else where. Furthermore, it’s informed by Environmental
Alert’s experiences and lessons generated through facilitating
initiatives to support climate change adaptation at community
and local levels particularly in the West Nile region (in the districts
of Adjumani, Moyo and Yumbe) and Lukwanga Parish in Wakiso
district, Central region of Uganda; and also targeted engagement
with key policy and decision makers at all levels including local,
national, regional and international on issues of climate change. It
is targeting key stakeholders at all levels (including local leaders,
Government, Development Partners, Civil Society, Policy Makers,
Political Leaders, Private Sector, Academia, Research Institutions,
Cultural and Faith Based Leaders and Communities among others;
to mainstream, prioritize and support climate change adaptation
actions at all levels of planning and development.
BLUE ECONOMY: TOWARDS A SUSTAINABLE MARINE AND FISHERIES DEVELOPMENT IN INDON...Sunoto Mes
The integration of economy, social, and environmental protection is necessity to promote sustainable marine and fisheries development, especially in archipelagic states like Indonesia. The Blue Economy principle that is primarily concerned with natures' efficiency, social inclusiveness, and environmental protection is mostly suitable to apply in promoting an integrated marine and fisheries development for the prosperity of not only the present but also future generation. The implementation of Blue Economy principles on marine and fisheries deals with 2 major approaches: 1) promoting blue economy models of businesses and 2) developing blue economy zones. The first approach refers to business and investment that promote multiple revenue, employment, and income generation while the second approach deals with integrating marine and fisheries macro policies and developing integrated coastal zone management (ICZM) and other related land-based economy activities. This concept is aimed to provide a new way of thinking as a challenge to businesses and investors as well as governments in dealing economic opportunity in marine and fisheries. This concept was also initiated to respond to global issues as the global warming and climate change and their impacts have become apparent in damaging the environment, including ocean and coastal. Appropriate and strategic actions need to be done by not only the government but also private sectors.
Sustainable Development: The Importance of Blue EconomyPreeti Sikder
Learning Objectives: After completion of this lesson students will
a) understand the concept of Blue Economy
b) identify the aim of Blue Economy
c) learn about the legislative and policy based actions taken in Bangladesh relating to Blue Economy
d) identify the necessary steps to be taken in Bangladesh for ensuring spread of blue economy
Sustainable marine and fisheries development policy frameworks: 1) implementing good ocean governance: integrated sea use management and ecosystem-based management, 2) developing blue economy zone: integrated land and ocean-based development such as ICZM, and 3) blue economy model investment.
Climate change in Uganda: Insights for long-term adaptation and building comm...Dr. Joshua Zake
This briefing paper highlights key challenges and issues for
consideration in policy development and planning processes at
community, local, national and regional levels towards creating
awareness and building resilience to climate change impacts in
Uganda. It’s an output from a review of various documents and
literature on climate change impacts and responses in Uganda
and else where. Furthermore, it’s informed by Environmental
Alert’s experiences and lessons generated through facilitating
initiatives to support climate change adaptation at community
and local levels particularly in the West Nile region (in the districts
of Adjumani, Moyo and Yumbe) and Lukwanga Parish in Wakiso
district, Central region of Uganda; and also targeted engagement
with key policy and decision makers at all levels including local,
national, regional and international on issues of climate change. It
is targeting key stakeholders at all levels (including local leaders,
Government, Development Partners, Civil Society, Policy Makers,
Political Leaders, Private Sector, Academia, Research Institutions,
Cultural and Faith Based Leaders and Communities among others;
to mainstream, prioritize and support climate change adaptation
actions at all levels of planning and development.
BLUE ECONOMY: TOWARDS A SUSTAINABLE MARINE AND FISHERIES DEVELOPMENT IN INDON...Sunoto Mes
The integration of economy, social, and environmental protection is necessity to promote sustainable marine and fisheries development, especially in archipelagic states like Indonesia. The Blue Economy principle that is primarily concerned with natures' efficiency, social inclusiveness, and environmental protection is mostly suitable to apply in promoting an integrated marine and fisheries development for the prosperity of not only the present but also future generation. The implementation of Blue Economy principles on marine and fisheries deals with 2 major approaches: 1) promoting blue economy models of businesses and 2) developing blue economy zones. The first approach refers to business and investment that promote multiple revenue, employment, and income generation while the second approach deals with integrating marine and fisheries macro policies and developing integrated coastal zone management (ICZM) and other related land-based economy activities. This concept is aimed to provide a new way of thinking as a challenge to businesses and investors as well as governments in dealing economic opportunity in marine and fisheries. This concept was also initiated to respond to global issues as the global warming and climate change and their impacts have become apparent in damaging the environment, including ocean and coastal. Appropriate and strategic actions need to be done by not only the government but also private sectors.
Sustainable Development: The Importance of Blue EconomyPreeti Sikder
Learning Objectives: After completion of this lesson students will
a) understand the concept of Blue Economy
b) identify the aim of Blue Economy
c) learn about the legislative and policy based actions taken in Bangladesh relating to Blue Economy
d) identify the necessary steps to be taken in Bangladesh for ensuring spread of blue economy
Sustainable marine and fisheries development policy frameworks: 1) implementing good ocean governance: integrated sea use management and ecosystem-based management, 2) developing blue economy zone: integrated land and ocean-based development such as ICZM, and 3) blue economy model investment.
Innovate uk Horizons Sustainable Economy Framework,Innovate UK
Horizons is a practical tool that helps you to work out just that. It defines the environmental limits and social conditions necessary for a sustainable economy.
Use it to develop and test your strategy, inform commercial decisions, and drive new innovation.
Presentation by Patrick ten Brink of IEEP at the EESC Conference on the Sustainable Development Goals (SDGs) and Sustainable Production and Consumption (SCP). This includes decoupling and circular economy reflections and practical policy instruments.
The Maturation of LCA as a Basis for Sustainability Metrics across the Organi...Sustainable Brands
Discussions about life cycle assessment (LCA) usually center around either its tremendous promise for helping us make sense of the very complex questions posed by sustainability issues, or its occasional failure to live up to that promise - and the frustrations surrounding the resources required along with the limited issue LCA is competent to address. The sustainability community has learned a tremendous amount in recent years and one can now see a coming-of-age of LCA-based approaches that are more practical, more focused and more scientifically advanced than what was available just a few short years ago. This session will focus both on explaining these developments to the participants with a set of expert speakers, as well as offering active feedback. In particular, the session will look at how LCA has been maturing beyond its core and reliable applications, such as product carbon foot-printing, into applications that address many more types of questions with more reliable information. The themes to be presented will focus on how LCA has matured in dimensions of the subjects on which it is focused, the issues it is addressing, and the scale on which it is happening.
Presented at the 4th Global Infrastructure Basel Summit 21 & 22 May 2014.
Read more about the world leading platform for Sustainable Infrastructure Finance at www.gib-foundation.org.
Next Summit: 27 & 28 May 2015 in Switzerland
The Center for OSH Sustainability was launched in 2012 as a means to show stakeholders how occupational health and safety initiatives support sustainability. The business model defines how risk governane can be applied to identify, assess and evaluate, commmunicate, manage, and control occupational health and safety hazards in the workplace and off-the-job during recreational and sporting activities. The 24/7 approach to safety and health provides a better culture, performance, and productiivty in the lives of workers and their families. The support within the organization is transformed outside the organization so workers return home and back to work safely and healthy.
PowerPoint Presentation prepared and presented by President of Carroll Properties Corporation- Elizabeth Belenchia exploring the Real Estate Industries' opportunity to be leaders in the global economy- a driving force for eco-friendly properties and ventures.
the delicate topic of Sustainable Development through a
book which I have co-authored and give to the audience also a perspective on
how Education can sensitively provide support for this framework.
I will participate in my role of affiliate professor of management and behavior
for Grenoble Graduate School of Business, France ( www.ggsb.com)
by mark esposito (m.esposito@ht.umass.edu)
Global Digital Sukuk (GDS) - A basic frameworkTariqullah Khan
GDS is a suggested digital Sukuk based on the idea of Bitcoin, but is proposed to be a registered and regulated digital(crypto)-asset as a perpetual Mudharabah issued on Public Blockchain by a credible SDGs oriented entity based on the entity’s overall balance sheet strength. The keywords are:
a. Digital(Crypto)-asset that is registered and regulated
b. On Public Blockchain
c. Perpetual Mudharabah Sukuk
d. Based on the overall balance sheet strength of the issuer
e. The issuer is a SDGs oriented business entity having track record of issuing Sukuk.
The 2012 Capital Markets Conference, organised by the QCB and the IMF in the Ritz Carlton Hotel Doha dated 18-19, September 2012
Reference - http://www.gsdp.gov.qa/portal/page/portal/gsdp_en/media_center/events_activities/capital_markets_conference_2012/Tab1/18Sep_Session04_TKhan.pdf
All the Islamic financial contracts that are dominantly in practice are actually based on promise not sale contracts and by its nature a promise is non-binding but due to prudential requirements it is treated as binding.
Islamic profit rate swap - exchange of the mark-up of a long dated fixed rate Murabahah contract with the LIBOR rate underlying a series of smaller Murabahahs corresponding to the date of installment payments on the fixed rate long dated contract.
Sale buyback (bai' al I'na) and buy sale-back (tawaruq) are often confused and most independent Shariah councils/boards strongly recommend to avoid these rather fictitious legal tricks.
Financial infrastructure comprises of the resources, public policy support, protection, facilities and utilities that make the use of the financial architecture beneficial for developing an inclusive, dynamic and resilient financial system.
Financial architecture comprises of the globally acceptable core principles,best practice guidelines and standards that are need for the inclusiveness, effectiveness, resilience and sustainability of the financial system.
Estimates of assets of islamic financial services industryTariqullah Khan
In 2013 the size of Islamic finance assets are estimated to be $ 1.5 trillion to $ 2.1 trillion depending on 10% annual growth and 15% annual growth assumptions.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
3. Existing Market Paradigm
Extract
Resources
Produce Use/Consume Waste
Atmosphere as
smoke of waste burns
Landfills
Rivers
Seas
Pollution
Climate change
and disasters
Destruction of
Eco System and
species
Entrance of toxic
elements in food
chain
Waste of
economic value
Sanitation, water
and health issues
Poverty
Uncertain future
4 billion people live under $10 a day 1.5 billion under $2.0 a day
Resource-based Linear Paradigm
Estimated 6 trillion dollars are wasted in reusable value of waste
Impact of Waste is
Someone Else’s
Concern
4. World GDP and stock of financial
assets 2015 trillion US dollars
Global Economy 2015
WGDP Financial Assets Derivatives
World
GDP 77
trillion
US$
World FAs
300
trillion
US$
World Ds
500
trillion
US$
WGDP
25% of
WFAs
WGDP
15% of
WDs
WGDP
10% of
WFAs &
WDs
Globally, $ 1
of real asset
is against
$10 financial
claims
Financing the Paradigm
Global Finance and Economy
“According to Hotelling’s model
(of economics of natural resources
1931), even when market prices
fully reflect the value of a species,
it will be efficient to exploit a
species to extinction or totally
degrade an ecosystem if the value
of the species or the ecosystem
over time is not increasing at least
as fast as money deposited in an
interest-bearing bank account.”
Costanza, R., Cumberland, J.H., Daly, H., Goodland,
R., Norgaard, R.B., Kubiszewski, I. and Franco, C.
(1997a). An introduction to ecological economics.
CRC Press, Florida: USA.
5. Question:
Despite tremendous scientific and engineering
advances why the future of the world is so uncertain
because of the management of resources?
Answer: Because
Science and
Engineering has
learnt from
nature
But Economics has gone against nature
Flying; Swimming; Computers, Nano
Technology etc. Here is a list of 14
beautiful scientific discoveries based on
nature
https://www.bloomberg.com/news/photo-
essays/2015-02-23/14-smart-inventions-
inspired-by-nature-biomimicry
7. Lessons that Economics Can Learn from
Nature
Nature doesn’t waste
Water Cycle
Oxygen Cycle
Carbon Cycle
Food Cycle
Circular Economy Ideas
(Photosynthesis)
Nature Economics
Need Economics in Harmony
with Nature
Zero Waste Circular Economy
9. Marine Food CycleGoogle Image credithttps://www.google.com/search?safe=active&rlz=1C1GCEU_enQA821QA821&biw=1920&bih=969&tbm=isc
h&sa=1&ei=3ugMXLM1k8y_BInAusgN&q=food+chain+cycle+diagram&oq=food+chain+cycle&gs_l=img.1.1.0l
4j0i7i30j0i5i30j0i8i30l3.90254.91867..96185...0.0..0.394.2328.3-6......1....1..gws-wiz-
img.......0i7i5i30j0i8i7i30.6HtfTM2FSAs#imgrc=VWeLVnevDKikNM:
Carbon Cycle
https://biology-igcse.weebly.com/carbon--water-cycles.html
Google Image credit
Circularity of Nature
10. Linear Paradigm
Extract Produce Use Waste Waste
Waste
Waste
Waste
Waste
Waste
Waste
Waste
WasteDumped into
land fields,
rivers, sea and
atmosphere
as result of
high
temperature
burning
Extract
Design &
Produce
Use & Re-
use Waste
Circular Economy Paradigm
Ideally zero
/minimum
waste treated
to be part of
the Eco system
Turning Waste to Wealth and Wellbeing
Impact of Waste is
Someone Else Concern
11. Cleaner
production
processes
with zero-
waste
After sale
service and
repair
End of life
re-
collection
Reuse and
recycle
Rely on
green
energy
Design of
products -
Long life,
non-toxic,
C2C
Eliminate negative
environmental
impact
Eliminate Waste Reduce Resource
Dependency
Reduce Cost
Circular
Economy
Advantage
1
6
5 4
3
2
12. Design: Eco-friendly, long life, disassembly, reuse, recycle
C2C
CO2 Reduction: Eco-efficiency, Eco-sufficiency
Re-use: Take-back mechanism (C2C), repair, material
re-usability
Recycle: Waste separation at origin, zero-waste
strategies, waste to wealth and wellbeing
Technical nutrient classification – reenter waste into
environment after treatment
Renewable energy:
1
2
3
4
5
6
Pillars of Circular Economy
Cradle
to
Cradle
2002
William McDonough
and Michael Braungart
13. 1.Behavioral rationalization
of consumption to
eliminate wastage of food,
water, energy, clothing,
wealth etc.,
1.Enhancing design, repair
and maintenance to
eliminate wastage of life
cycle;
1.Promoting sharing and
Uberization to eliminate
wastage of useful capacity
of assets;
1.Cradle to Cradle to
eliminate wastage of
material value of waste
1.Promote usage of solar
and renewable energy to
eliminate wastage of
potential resource
1.Implement recycling to
eliminate wastage of
embedded values of
waste;
1.Incentivize eco-efficiency
and eco-sufficiency to
avoid wastage of energy
utilization opportunities
1.Chemically and biological
treat waste for remerging
with environment to avoid
wastage of beneficial
components and avoid
smoke of burning
Waste Reduction Opportunities and Interlinked Steps
14. Global Level CE
National Level CE
Macro Level CE
Intermediate Level CE
Micro Level CE
CE Hierarchies
International efforts – SDGs, PRIs, GCPs, RBPs,
RIPs, GRI
Multidimensional Development QNV2030, EU,
OECD and other national zero-waste initiatives
and legislation
Eco cities, collaborative consumption like Uber,
Air BnB, Kareem etc – resources sharing
Eco Parks, Industrial Symbioses, Associations,
Educational, Research and Development
initiatives
Product designs, repair & maintenance, reuse,
retake, separate waste collection and recycling,
supply chain and Econ friendly
16. The SDGs are a Paradigm Shift
The
Ecological
Environment
is not a
Resource
The
Ecological
Environment
is a precious
Resource
From: Linear Economy Paradigm To: Circular Economy Paradigm
20. Conventional
(linear) economy
paradigm with
traditional
architectural
principles and
institutions
Ecological (circular)
economy paradigm
+SDGs, GCPs, PRIs,
ESG concerns, GRI --
--
The emerging new
international
financial
architecture with
important role of
UN institutions
Transformative Global Financial
Architecture
Increasing role of United Nations &
Ecological, Social and Governance Concerns
21. UN
SDGs/
ESG
concern
s
G20 policy
reforms
International
financial
architecture
International Islamic
financial architecture
and standard setting
National legislative and
judicial systems recognizing
Islamic finance specificities
National legal, regulatory and
supervisory authorities, policy
advisory entities and Sharia bodies
International apex Fiqh academies, and
Sharia boards (whose research-driven
views/guidance notes are important)
Educational, informational, advisory,
structuring and rating services (cross-cutting
services) needed to implement genuine Islamic
financial services
Micro-Sharia governance: compliance at the level of
institutions, products, services, markets and users
(ongoing financial engineering and product
development work)
Qatar National Vision (QNV) & other derived and adapted best
practice standards for Islamic finance & economy (slowly
changeable perameters but with significant conssensus);
Maqasid Al Shariah, SDGs, ESG concerns, PRIs, GCPs etc
Recieved and given principles and architectural foundations of
Islamic finance (unchageable parameters)
Sharia Prohibitions Sharia Permissions
IMF-WB Standards & Codes UN SDGs, PRIs, GCPs
Sharia product development Sharia compliance & audit
Cross-cutting Sharia compliant services Compliance & audit
Independent Sharia academies Regulatory Sharia compliance
National regulatory authorities National supervisory authorities
National legislative system National judicial system
Standards: Basel III, IFRS, Securities
Institutions: IFSB, AAOIFI, OIC-FA
Principles of Responsible Investments (PRIs), Global Compact
Principles (GCPs)
Standards: Prudential, Financial Reporting, Sharia governance,
SRI
Institutions: BIS, BCBS, FSB, IOSCO, IMF, WB
Sustainable Development Goals (SDGs), Global Reporting
Initiative (GRI)
Paris (Climate) Agreement (PA) , EC, Canada & Others US, UK & other skeptics of PA
Islamic finance in the transformative global financial architecture
22. Seeds of Linear
Economy Paradigm
– Hotelling Model
1931
Design of Financial Contracts
Seeds of Circular
Economy Paradigm – LTG
Model 1972
23. Financialization
Green
Revolution in
Financial
Markets
SDGs Transform the Design of Financial Contracts
9%
34%
57%
Fig 2 Global Economy 2015 US$ trillions
WGDP Financial Assets Derivatives
0
100
200
300
400
500
600
Global GDP Global financial assets Global derivatives
SRI, green and
sustainable
financial contracts
25. Global Level
Macro Level
Intermediate
Level
Micro
Level
Users of
services
International institutions &
standard
Legal, regulatory and tax
framework and policies
Knowledge, educational,
capacity building,
information and advisory
services and providers
Financial services and the
institutions and markets
providing them
Uses and users
Sharia Governance: Direction of Reform
Maqasid
guided
Holistic
Perspective
at all levels
28. Establishing
Halal business
paradigm in
Islamic financial
services
Halal business paradigm + ethical
screening + genuineness of contract
designs + internalizing the
institutions of compassion (Zakah,
Awqaf, charities, interest-free loans,
forbearance, + concerns of ecology
and future generations etc.,) +
encompassing Maqasid Al-Sharia +
SDGs, PRIs and GCPs in financial
contracting and investment decision
and reporting
Reformed scope of Sharia
governance
Existing scope of Sharia
governance
Sharia Governance: Destination of Reform
Halal essential but insufficient
34. #4 Opportunity
Circular
Economy
Transition
Strategies
involving all
stakeholders
Global Level
Macro Level
Intermediate
Level
Micro Level
The Public
and other
species
International organizations
Legal, regulatory and tax framework and
policies, federal and provincial
government entities, municipalities
Knowledge, educational, capacity
building, information and advisory
services and providers
Businesses, entrepreneurs, financial
services and the institutions and markets
providing them
Uses and users
36. #6 Opportunity
Assessment of
Value in Waste
in Qatar and
Different
Countries
Examples:
Cradle-to-Cradle Value
Value in Separation of Product
from Use
Value in Capacity Utilization by
Sharing
Value in existing abandoned
material
Value in alternative energy
sources